On Tuesday, September 23, 2025, the Indian stock market opened with gains. The Sensex rose by 100 points, and the Nifty 500 crossed the 25,200 level. Shares of Maruti and Tata Steel surged by 2%, while IT companies remained under pressure due to the Trump administration's H-1B visa fee hike. Experts believe that consumption and investment will support the market.
Stock Market Today: In New Delhi, on Tuesday, September 23, 2025, the stock market commenced with gains. The BSE Sensex opened 100 points higher, and the NSE Nifty 500 crossed the 25,200 level. Shares of Maruti and Tata Steel showed a 2% increase, while IT shares remained under pressure due to the Trump administration's decision to raise H-1B visa fees. Experts state that GST reforms, a normal monsoon, and foreign investment could support the market in the near future.
Impact of Trump's Visa Decision on the Market
The significant increase in H-1B visa fees by former US President Donald Trump had a clear impact on the Indian market. On Monday, this decision led to b selling in the shares of IT companies, and the market closed with a decline. A direct pressure was observed on the IT index. However, the very next day, Tuesday, the b performance of the steel and auto sectors gave new impetus to the market.
Pressure on IT Sector Persists
The Trump administration's expensive visa directive has put IT companies in a difficult situation. On Monday, major shares like Infosys, TCS, Wipro, and HCL saw sharp declines. Experts say that the increase in visa fees will impact the costs of Indian IT companies, which could reflect in quarterly results. Although the market showed some strength on Tuesday, shares of IT companies continue to remain under pressure.
Steel and Auto Sectors Showed Strength
While the IT sector faced pressure, the auto and steel sectors shone in the market. Maruti Suzuki's share jumped by 2 percent. Expectations of increased car demand before the festive season strengthened this stock. On the other hand, Tata Steel also performed robustly, with its share seeing a 2 percent rise. Stability in global steel prices and improved domestic demand provided a b foundation for this sector.
Vinod Nair, Head of Research at Geojit Investments Limited, stated that the increase in visa fees has weakened the IT sector, but consumption-based sectors continue to show momentum. He added that simplification of GST, a normal monsoon, lower interest rates, and tax incentives are expected to boost consumption. This is why investors' preference is gradually shifting towards consumption-centric companies.
Profit-Booking in Midcap and Smallcap
Midcap and smallcap shares had seen tremendous growth in the past few weeks. However, on Monday, profit-booking was observed in these shares. Pressure continued on these shares on Tuesday as well. Investors' focus appeared to shift more towards large and robust shares, which provided support to the Sensex and Nifty.
Return of Foreign Investors
Market experts suggest that foreign investors are gradually returning to the Indian market. Stability in global markets and the expectation of increased consumption in India have attracted foreign investors. FII participation is anticipated to rise in the coming months.
Analysts believe that companies' earnings will show improvement in the second half of the financial year 2025-26. Strong results are particularly expected from the auto and steel sectors. While the IT sector will certainly remain under pressure, it too could embark on a path to recovery in the long term.
